Steel News

Tata Steel Declares Q2, First-Half Results

15 November 2010 - During the first half of the financial year 2010-11 (H1 FY’11) ending September 30, 2010, Tata Steel Group recorded profit after tax of Rs 3,804 crores (US$847 million) compared to a loss of Rs 4,916 crores (US$1.09 billion) in H1 FY’10. The Group’s profit after tax for Q2 FY’11 of  Rs 1,979 crores (US$440 million) was around 8.5% higher than the profit of Rs 1,825 crores (US$406 million) in Q1 FY’11.

Outokumpu Recognized for Corporate Responsibility

12 November 2010 - Outokumpu's corporate responsibility reporting for 2009 was ranked third in the Finnish corporate responsibility reporting review. For the 2007 and 2008 reports, the company's reporting was ranked first.

ArcelorMittal Supports Special Economic Zone in Krakow

12 November 2010 - A letter of intent concerning the evaluation of possibilities for creating a special economic zone in Krakow’s Nowa Huta District was recently signed by the Malopolska Region’s Governor, the Małopolska Agency for Regional Development, and the region’s biggest investor, ArcelorMittal Poland, owner of a part of the land to be dedicated to the creation of the zone.

Praxair India to Supply Tata Steel with Nitrogen

12 November 2010 - Praxair India has been associated with Tata Steel’s Jamshedpur facility since 2005 and has built three air separation units with a total capacity of 2625 tonnes per day that supply gaseous oxygen, nitrogen, and argon. Tata Steel has contracted Praxair India for an additional 600 tonnes per day of high-pressure gaseous nitrogen.

Intensive-Cooling Unit from Siemens at ThyssenKrupp Rolling Mill

12 November 2010 - Siemens VAI Metals Technologies will install a new intensive-cooling unit in the Hot-Strip Mill 2 of ThyssenKrupp Steel AG in Duisburg-Beeckerwerth, Germany. The unit is scheduled to commence operation in December 2010.

Mechel Signs Agreement of Intent with Posco

11 November 2010 - Mechel OAO recently signed an Agreement of Intent with Posco to establish a mutually beneficial long-term strategic partnership between the companies. The companies intend to examine and possibly implement projects in Russia, the Republic of Korea, and third-world countries.

ArcelorMittal Monlevade Orders Two-Strand Wire Rod Mill from SMS Meer

11 November 2010 - ArcelorMittal Monlevade has reinstated an order originally placed with SMS Meer in 2008 for the supply of a single-strand, high-performance wire rod mill with the option of expansion to two strands. The original expansion option for two strands is to be implemented immediately.

Converteam to Provide Engineering for Indian Plate Mill

11 November 2010 - Danieli has awarded Converteam a contract for major electrical engineering products and services for a new steel plate mill in India. The new Rourkela plate rolling facility for Steel Authority of India (SAIL) is expected to be fully operational in less than three years.

Essar Selected as Preferred Bidder for ZISCO

10 November 2010 - Essar Africa Holdings Ltd. has received official notification from the Government of Zimbabwe (GOZ) for its selection as the preferred bidder to purchase GOZ’s 60% equity interest in Zimbabwe Iron and Steel Co. (ZISCO).

ArcelorMittal Conducts Automotive Research Program

09 November 2010 - ArcelorMittal recently unveiled the results of its "S-in motion" automotive research program, the portfolio of which comprises a range of more than 60 Press-Hardened Steel and Advanced High-Strength Steel solutions that can be implemented in vehicles today.

SMS Siemag Starts up X-Cast Slab Caster at Salem Steel Plant

09 November 2010 - SMS Siemag has put into operation a single-strand X-Cast® slab caster for Salem Steel Plant, who will use the new slab caster to produce various grades of stainless steel slabs.

Posco, Nissan Enhance Partnership

09 November 2010 - Posco recently hosted the first technology-development meeting with the Japanese automaker at the Gwangyang Works’ R&D center. Representatives from Posco and Nissan discussed some common fields of interest, such as the use of high-strength steel for outer panels.

ArcelorMittal Orbit for 2012 Olympics is under Construction

08 November 2010 - A recent groundbreaking ceremony at the future Queen Elizabeth Olympic Park marked the start of construction work on the ArcelorMittal Orbit, which is expected to be completed and handed over to the Legacy Company by March 2012.

Sumitomo Metals Recognized by Panasonic under ECO-VC Initiative

08 November 2010 - Sumitomo Metal Industries, Ltd. has received two gold awards from Panasonic Corp. for its ECO-VC (Value Creation) Initiative, given to suppliers that contribute to reducing CO2 emissions and making their products more competitive.

Posco Signs MoA with Vale, Dongkuk to Join Steel Mill Project

08 November 2010 - Posco has signed a Memorandum of Agreement (MoA) with Vale and Dongkuk that establishes the terms for its entry in the Companhia Siderúrgica do Pecém (CSP) project. The next steps will be the negotiation and signing of a Shareholder Agreement, expected for the beginning of next year.

Gerdau Reports 3Q10 Results

08 November 2010 - Gerdau reported that shipments reached 4.4 million tonnes in the 2010 third quarter, 14% higher than in 3Q09, due to the positive performance of the Specialty Steel Business Operation and the improvement in domestic demand at the Brazil Business Operation.

Posco Breaks Ground for Indonesian Steel Mill

08 November 2010 - Posco is constructing its first overseas integrated steel mill in Indonesia, recently breaking ground for the mill in the city of Cilegon, located 100 km west of Jakarta. Posco will lay the ground work across 400 ha of land, with joint investment from Krakatau Steel.

Posco CEO Joins Korea-Australia Business Talk

05 November 2010 - Posco CEO Chung Joon-yang participated in the Korea-Australia Business Talk, an event that is meant to support free trade agreements such as the Korea-Australia FTA and promote economic cooperation among different countries. The event is co-hosted by the two countries’ finance ministries.

Baosteel, China Construction Sign Cooperation Agreement

05 November 2010 - Baosteel and China Construction & Engineering Corp. recently signed a strategic cooperation agreement in Beijing. The two companies will establish a close cooperation in the R&D, procurement, investment, management, and other areas.

OAO Severstal to Integrate Ukrainian Facilities

04 November 2010 - Severstal initiates a program to integrate the operations of OAO Severstal Ukraine and OAO Dnepometiz in order to serve the Ukrainian market from a single, combined production site.